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Alphabet (GOOG) Dips More Than Broader Markets: What You Should Know
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Alphabet (GOOG - Free Report) closed at $1,115.52 in the latest trading session, marking a -0.57% move from the prior day. This change lagged the S&P 500's 0.17% loss on the day. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.32%.
Prior to today's trading, shares of the internet search leader had lost 1.66% over the past month. This has lagged the Computer and Technology sector's gain of 2.43% and the S&P 500's gain of 3.07% in that time.
GOOG will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $11.48, down 2.3% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $30.90 billion, up 17.76% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $45.59 per share and revenue of $130.18 billion. These totals would mark changes of +4.32% and +18.25%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GOOG. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. GOOG is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, GOOG currently has a Forward P/E ratio of 24.61. This represents a discount compared to its industry's average Forward P/E of 26.97.
We can also see that GOOG currently has a PEG ratio of 1.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 2.63 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Alphabet (GOOG) Dips More Than Broader Markets: What You Should Know
Alphabet (GOOG - Free Report) closed at $1,115.52 in the latest trading session, marking a -0.57% move from the prior day. This change lagged the S&P 500's 0.17% loss on the day. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.32%.
Prior to today's trading, shares of the internet search leader had lost 1.66% over the past month. This has lagged the Computer and Technology sector's gain of 2.43% and the S&P 500's gain of 3.07% in that time.
GOOG will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $11.48, down 2.3% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $30.90 billion, up 17.76% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $45.59 per share and revenue of $130.18 billion. These totals would mark changes of +4.32% and +18.25%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GOOG. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. GOOG is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, GOOG currently has a Forward P/E ratio of 24.61. This represents a discount compared to its industry's average Forward P/E of 26.97.
We can also see that GOOG currently has a PEG ratio of 1.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 2.63 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.